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Gold Price Steady at 50,325 Pounds
The price of the gold pound in Egypt settled today at 50,325 pounds, with the price of 21-karat gold remaining steady at 6,150 pounds per gram. This comes amid sideways movements in the local market and in response to fluctuations in the global ounce price and the dollar exchange rate. The movement of the gold pound has been directly linked to the price of 21-karat gold, which is priced at 6,150 pounds. Meanwhile, the rise of the dollar by about 50 piastres since the beginning of the week has supported gold levels in the market, despite international pressures on the ounce showing only a limited increase of 0.1%, reaching $4,181. Efforts continue to keep trading above $4,150 and to target the $4,200 resistance level.
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